Bitcoin hits all-time high with large transfer of 999 BTC to new whale wallet

From Investing.com

December 17, 2024 1:00:22 pm:

A massive transfer of 999 BTC, valued at nearly $106,048,784, has been spotted within the last 24 hours, with the BTC stash moved to a newly created wallet, suggesting the emergence of a new Bitcoin whale.

According to Whale Alert, a recent rise in large Bitcoin transfers has been observed, with transactions totaling nearly $107 million seen in the last 24 hours.

SpotOnchain analysis reveals that two institutions moved a total of 23,664 BTC worth $2.51 billion in tranches after Bitcoin hit a new all-time high.

Mt. Gox transferred 1,620 BTC worth $172.5 million recently, with Marathon Digital moving 22,044 BTC worth $2.34 billion to 40 new wallets.

Bitcoin reached a new all-time high of $107,857 as investors anticipate a Federal Reserve interest rate drop this week, increasing by 2.59% to $106,564 at the time of writing.

Read more at Investing.com: 999 BTC Lands in Mega New Whale Wallet as Bitcoin Hits ATH By U.Today